BitMine's Ether Treasury Crosses 2.15M, Stake in Worldcoin Vehicle Rises 10-Fold

BitMine Immersion Technologies (BMNR), the digital asset treasury company focused on Ethereum's ether (ETH) and helmed by Fundstrat's Tom Lee, said its crypto, cash and equity holdings hit $10.77 ￰0￱ of Sunday, the Las Vegas-based firm held 2,151,676 ETH, adding 82,233 tokens to its stash last week , according to a Monday press ￰1￱ also held $569 million in unencumbered ￰2￱ ether is worth $9.7 billion at current ￰3￱ equity stake in Worldcoin-focused Eightco (OCTO), a new crypto treasury firm centered on iris scanning project Worldcoin (WLD), rose to $214 million. That's more than 10 times the initial $20 million investment , marking BitMine's first bet in a fellow digital asset treasury play what it calls "moonshots." Since the firm's pivot to ether in June, BitMine has emerged as the second-largest public corporate owner of a cryptocurrency, trailing only pioneer Strategy's $73 billion bitcoin ￰4￱ firms have been under pressure over the past weeks with some stocks trading below the net asset value of their underlying ￰5￱ Ethereum treasury company Sharplink Gaming, for example, last week bought back equity to lift its share ￰6￱ more: Corporate Bitcoin Buying Slowed in August as Treasuries Add $5B